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Bank of Korea — 2014 Outlook

By

Kwanwoo Jun

Jan 5, 2014 11:51 pm ET

South Korea’s central bank expects its export-dependent economy to do better in 2014 as global growth strengthens. But there’s one major concern: a weaker yen.

Japan’s currency is falling as Tokyo pursues extraordinary easy money policies to spur higher inflation and faster growth. That makes Japan’s exports cheaper on world markets than those from South Korea, whose currency has risen 20% against the yen in the past year.